Suburb Profile Report for Wynnum West QLD (4178)

Wynnum West House: Median price $625,000, Annual capital growth 3.98%, Number of sales 216, Weekly median advertised rent $495

Wynnum West Unit: Median price $365,000, Annual capital growth 1.14%, Number of sales 56, Weekly median advertised rent $380

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of 13.64% for the last 12 months, Wynnum West, 4178 has performed for property investments than its average annual 3.98% property growth over the last 5 years.

A 23.76% growth in median value for property investors in Wynnum West,4178 puts this suburb at number 332th in terms of best performing suburbs in QLD

Property investors looking for a bargain in Wynnum West should be aiming for at least -3.08% off the asking price, which is the average vendor discount being achieved at the moment.

At number 1043th in the list of Australian suburbs ordered by increase in median house value over the last year, Wynnum West, 4178 is in the BOTTOM 40% with a property value increase of 3.84% recorded in median house prices.

Across a shorter period, Wynnum West, 4178 has seen a median price increase of 4.29% over the last quarter.

Vendor discounting in Wynnum West is giving property investors an average Vendor Discount of around -3.23%. This puts suburb at number 213th in QLD when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Wynnum West the average time real estate has been on the market is 36.6842 days.

Metrics i HOUSE UNIT
$625,000 $365,000
5.22% 4.29%
13.64% 3.84%
3.98% 1.14%
$495 $380
216 56
4.12% 5.41%
31.7142857142857 36.6842105263158

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 11745
Median household income ($/weekly) 1267
Median age of persons 38
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1519 12.9
    25-34 years 1529 13.0
    35-44 years 1784 15.2
    45-54 years 1468 12.5
    55-64 years 1296 11.0
    Others 4149 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 3894 45.9
    Not Married 3603 42.5
    Defacto Relationship 980 11.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 8461 75.4
    Papua New Guinea 867 7.7
    Philippines 191 1.7
    United Kingdom 651 5.8
    Other 329 2.9
    Others 722 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 149 1.4
    Christianity 7706 72.0
    Hinduism 127 1.2
    Other Religious Groups 59 0.6
    No Religion 2621 24.5
    Others 48 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 393 10.1
    $600-$799 342 8.8
    $1,000-$1,249 361 9.3
    $1,500-$1,999 540 13.9
    $2,000-$2,499 432 11.1
    Others 1812 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3597 40.2
    Not in the labour force 3192 35.7
    Employed, worked part-time 1488 16.6
    Employed, away from work 346 3.9
    Unemployed, looking for work 323 3.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 869 16.0
    Technicians & trades workers 781 14.4
    Community & personal service workers 564 10.4
    Clerical & administrative workers 971 17.9
    Labourers 629 11.6
    Others 1613 29.7
    Occupation
    Census Count Percent(%)
    Pre-school 151 6.2
    Infants/Primary 989 40.9
    Secondary 664 27.5
    Technical or Further Educational Institution 228 9.4
    University or other Tertiary Institutions 317 13.1
    Others 69 2.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 9418 86.0
    Semi-detached, row or terrace house, townhouse 1163 10.6
    Flat, unit or apartment 372 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1483 35.4
    Being purchased 1468 35.0
    Fully owned 1220 29.1
    Other tenure type 23 0.5
    Tenure Type
Census 2011, ABS
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